Sagespring Wealth Partners LLC Purchases 3,549 Shares of The TJX Companies, Inc. $TJX

Sagespring Wealth Partners LLC grew its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 7.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 52,215 shares of the apparel and home fashions retailer’s stock after purchasing an additional 3,549 shares during the quarter. Sagespring Wealth Partners LLC’s holdings in TJX Companies were worth $6,448,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of TJX. Vanguard Group Inc. lifted its position in shares of TJX Companies by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 100,413,764 shares of the apparel and home fashions retailer’s stock valued at $12,230,396,000 after acquiring an additional 1,099,129 shares during the period. Ameriprise Financial Inc. lifted its position in shares of TJX Companies by 0.3% during the 1st quarter. Ameriprise Financial Inc. now owns 13,068,312 shares of the apparel and home fashions retailer’s stock valued at $1,591,758,000 after acquiring an additional 35,800 shares during the period. Amundi lifted its position in shares of TJX Companies by 10.2% during the 1st quarter. Amundi now owns 11,888,455 shares of the apparel and home fashions retailer’s stock valued at $1,489,305,000 after acquiring an additional 1,104,292 shares during the period. Nuveen LLC acquired a new position in shares of TJX Companies during the 1st quarter valued at $1,330,717,000. Finally, Invesco Ltd. increased its stake in TJX Companies by 2.8% during the 1st quarter. Invesco Ltd. now owns 9,000,600 shares of the apparel and home fashions retailer’s stock valued at $1,096,273,000 after purchasing an additional 247,579 shares in the last quarter. Institutional investors own 91.09% of the company’s stock.

Wall Street Analyst Weigh In

TJX has been the subject of several recent analyst reports. Bank of America upped their target price on shares of TJX Companies from $145.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, August 21st. JPMorgan Chase & Co. boosted their price target on shares of TJX Companies from $148.00 to $149.00 and gave the stock an “overweight” rating in a report on Monday, October 6th. Telsey Advisory Group reissued an “outperform” rating and issued a $155.00 price target (up from $150.00) on shares of TJX Companies in a report on Wednesday, August 20th. Wall Street Zen raised shares of TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, August 23rd. Finally, Barclays boosted their price target on shares of TJX Companies from $147.00 to $155.00 and gave the stock an “overweight” rating in a report on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $147.63.

TJX Companies Trading Up 0.7%

Shares of TJX Companies stock opened at $141.38 on Tuesday. The TJX Companies, Inc. has a 12-month low of $111.73 and a 12-month high of $145.58. The company has a market cap of $157.35 billion, a price-to-earnings ratio of 32.20, a PEG ratio of 3.12 and a beta of 0.92. The company has a current ratio of 1.17, a quick ratio of 0.52 and a debt-to-equity ratio of 0.32. The company’s 50-day moving average price is $138.31 and its 200-day moving average price is $130.40.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.09. TJX Companies had a net margin of 8.59% and a return on equity of 58.63%. The firm had revenue of $14.40 billion for the quarter, compared to the consensus estimate of $14.12 billion. During the same period in the prior year, the firm posted $0.96 earnings per share. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. TJX Companies has set its FY 2026 guidance at 4.520-4.570 EPS. Q3 2026 guidance at 1.170-1.190 EPS. On average, equities analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, November 13th will be issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, November 13th. TJX Companies’s dividend payout ratio is presently 38.72%.

About TJX Companies

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, and gourmet food departments; jewelry and accessories; and other merchandise.